Businesshttp://www.journal.com.ph
Mon, 19 Mar 2018 22:35:27 +0800en-gbLandbank to buy S’pore bourse PDSHC shareshttp://www.journal.com.ph/news/business/landbank-to-buy-s-pore-bourse-pdshc-shares
http://www.journal.com.ph/news/business/landbank-to-buy-s-pore-bourse-pdshc-sharesState-owned Land Bank of the Philippines (Landbank) has offered to buy Singapore Exchange Ltd.’s (SGX) 20 percent stake, or 1.25 million shares, in the Philippine Dealing System Holdings Corp. (PDSHC) at PHP350 apiece. Landbank President Alex Buenaventura has asked the bank’s Board for approval to buy a 66.67 percent stake…]]>iod.pjimis@yahoo.com (People's Journal)BusinessSat, 17 Mar 2018 20:38:43 +0800February car sales down 3.2%http://www.journal.com.ph/news/business/february-car-sales-down-3-2
http://www.journal.com.ph/news/business/february-car-sales-down-3-2Sales of vehicles in the country reached 26,176 units year-on-year in February 2018, down by 3.2 percent from 27,040 units year-on-year in February 2017, Chamber of Automotive Manufacturers in the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported. Sales of passenger cars dropped to 8,192 units or 10.1 percent…]]>iod.pjimis@yahoo.com (People's Journal)BusinessSat, 17 Mar 2018 20:37:12 +0800TRAIN boosts gov’t take in 1st 2 monthshttp://www.journal.com.ph/news/business/train-boosts-gov-t-take-in-1st-2-months
http://www.journal.com.ph/news/business/train-boosts-gov-t-take-in-1st-2-monthsThe Bureau of Internal Revenue (BIR) and the Bureau of Customs (BoC) posted double-digit increase in revenue collections in the first two months of 2018 as a result of the Tax Reform for Acceleration and Inclusion (TRAIN) law. Finance Secretary Carlos Dominguez III, in his speech during the Inter-Pacific Bar…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 15 Mar 2018 19:40:03 +0800Manufucturing attracts $1.15-B FDIshttp://www.journal.com.ph/news/business/manufucturing-attracts-1-15-b-fdis
http://www.journal.com.ph/news/business/manufucturing-attracts-1-15-b-fdisThe country’s manufacturing sector has attracted some USD1.15 billion foreign direct investments (FDIs) in 2017, Trade Secretary Ramon Lopez said. In a statement Wednesday, Lopez cited that the figure is part of the country’s record-high USD10.1 billion net FDI last year, a 21.4-percent increase from 2016’s net FDI of USD8.28…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 15 Mar 2018 19:38:36 +0800Steel Asia investing P25B for 3 millshttp://www.journal.com.ph/news/business/steel-asia-investing-p25b-for-3-mills
http://www.journal.com.ph/news/business/steel-asia-investing-p25b-for-3-millsThe country’s largest steel producer, Steel Asia Manufacturing Corp., is investing USD500 million, or about PHP25 billion, for three integrated steel facilities in Luzon and Visayas. In a media briefing Tuesday, Steel Asia Chairman and Chief Executive Officer Benjamin Yao said the investment is part of the PHP80-billion expansion plan…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 15 Mar 2018 19:37:30 +0800BoI okays P86-B solar projectshttp://www.journal.com.ph/news/business/boi-okays-p86-b-solar-projects
http://www.journal.com.ph/news/business/boi-okays-p86-b-solar-projectsThe Board of Investments (BoI) has approved eight solar projects worth PHP85.96 billion of Solar Philippines Commercial Rooftop Projects, Inc., the agency reported Tuesday. The solar projects were included in the Special Laws List of the Investment Priorities Plan (IPP). The eight solar energy farms of Solar Philippines registered with…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 15 Mar 2018 19:36:22 +0800Steel Asia plans IPOhttp://www.journal.com.ph/news/business/steel-asia-plans-ipo
http://www.journal.com.ph/news/business/steel-asia-plans-ipoThe country’s largest steel producer, Steel Asia Manufacturing Corp., plans to enter the local bourse in one to two years, its chairman and chief executive officer Benjamin Yao told reporters. Yao said the management is seriously looking at the company’s public listing within the period. “Down the road, yes,” he…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 15 Mar 2018 19:33:59 +0800BSP need not take cue from Fedhttp://www.journal.com.ph/news/business/bsp-need-not-take-cue-from-fed
http://www.journal.com.ph/news/business/bsp-need-not-take-cue-from-fedBangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said they do not need to mirror key rate adjustments by the Federal Reserve or other central banks given the intrinsic environment in every economy. In the Philippines, inflation rate has been rising, with the February 2018 level up at…]]>iod.pjimis@yahoo.com (People's Journal)BusinessTue, 13 Mar 2018 20:52:19 +0800BSP chief bullish on FDI surgehttp://www.journal.com.ph/news/business/bsp-chief-bullish-on-fdi-surge
http://www.journal.com.ph/news/business/bsp-chief-bullish-on-fdi-surgeThe Philippines registered a 21.4 percent year-on-year rise in foreign direct investments (FDIs) in 2017 and Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. is hoping for this to increase further. “That’s the whole proposition of government to attract more foreign direct investments because that’s actually a sustainable…]]>iod.pjimis@yahoo.com (People's Journal)BusinessTue, 13 Mar 2018 20:51:37 +0800No minimum capital for foreign retailers soon?http://www.journal.com.ph/news/business/no-minimum-capital-for-foreign-retailers-soon
http://www.journal.com.ph/news/business/no-minimum-capital-for-foreign-retailers-soonThe Senate aims to further open the country’s retail sector by removing the USD2.5-million minimum paid up capital for foreign retail enterprises to operate here. During the advocacy forum on retail competition of the European Union-Philippines Business Network Friday, Senator Sherwin Gatchalian said the Senate Bill No. 1639 aims to…]]>iod.pjimis@yahoo.com (People's Journal)BusinessMon, 12 Mar 2018 19:00:16 +0800Coffee, cacao export potential citedhttp://www.journal.com.ph/news/business/coffee-cacao-export-potential-cited
http://www.journal.com.ph/news/business/coffee-cacao-export-potential-citedThe National Economic and Development Authority (NEDA) is looking to tap into the huge potential for growth in exports of high-value products especially coffee and cacao, in its efforts to diversify the country’s export products. NEDA Undersecretary for Planning and Policy Rosemarie Edillon told reporters over the weekend that these…]]>iod.pjimis@yahoo.com (People's Journal)BusinessMon, 12 Mar 2018 18:57:56 +0800Yawning trade gap not worrisomehttp://www.journal.com.ph/news/business/yawning-trade-gap-not-worrisome
http://www.journal.com.ph/news/business/yawning-trade-gap-not-worrisomeNational Economic and Development Authority (NEDA) Undersecretary for Policy and Planning Rosemarie Edillon said the country’s widening trade deficit was not a cause for worry. Edillon said strong demand for intermediate and capital goods drove imports growth. “Especially if you analyze this side by side with the MISSI (Monthly Integrated…]]>BusinessSun, 11 Mar 2018 17:01:29 +0800Key economic reforms gain tractionhttp://www.journal.com.ph/news/business/key-economic-reforms-gain-traction
http://www.journal.com.ph/news/business/key-economic-reforms-gain-tractionThe National Economic and Development Authority (NEDA) said Tuesday that the ranking of American media company US News which placed the Philippines on the top spot of “best countries to invest in,” attests to the growing international confidence in the administration’s reform agenda. “This piece of good news proves that…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 08 Mar 2018 18:38:36 +0800Biz groups nix more holidayshttp://www.journal.com.ph/news/business/biz-groups-nix-more-holidays
http://www.journal.com.ph/news/business/biz-groups-nix-more-holidaysThe Joint Foreign Chambers of the Philippines-Philippine Business Groups (JFC-PBG) opposed the legislation of more non-working holidays, saying the increasing number of non-working holidays will affect the country’s competitiveness. In a letter to Senate Chairperson on Committee on Education, Arts and Culture Francis Escudero, the JFC-PBG expressed concern on additional…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 08 Mar 2018 18:37:47 +0800TESDA ‘green’ tech-voc training uphttp://www.journal.com.ph/news/business/tesda-green-tech-voc-training-up
http://www.journal.com.ph/news/business/tesda-green-tech-voc-training-upThe Technical Education and Skills Development Authority (TESDA) is working on providing "green" technical and vocational education and training (TVET) in the country to support the government's move to promote a green economy. Green economy is defined as an economy that reduces environmental risks and ecological scarcities, and thus, aims…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 08 Mar 2018 18:36:16 +0800TESDA ‘green’ tech-voc training uphttp://www.journal.com.ph/news/business/tesda-green-tech-voc-training-up-2
http://www.journal.com.ph/news/business/tesda-green-tech-voc-training-up-2The Technical Education and Skills Development Authority (TESDA) is working on providing "green" technical and vocational education and training (TVET) in the country to support the government's move to promote a green economy. Green economy is defined as an economy that reduces environmental risks and ecological scarcities, and thus, aims…]]>iod.pjimis@yahoo.com (People's Journal)BusinessThu, 08 Mar 2018 18:36:16 +0800BoI investment pledges surge 402%http://www.journal.com.ph/news/business/boi-investment-pledges-surge-402
http://www.journal.com.ph/news/business/boi-investment-pledges-surge-402Investment pledges with the Board of Investments (BoI) rose 402 percent in the first two months of the year amounting to PHP131.6 billion from around PHP26 billion in the same period in 2017. Department of Trade and Industry (DTI) Secretary and BOI Chairman Ramon Lopez said in a statement Monday…]]>iod.pjimis@yahoo.com (People's Journal)BusinessWed, 07 Mar 2018 17:37:48 +0800P18B from planned fuel marking seenhttp://www.journal.com.ph/news/business/p18b-from-planned-fuel-marking-seen
http://www.journal.com.ph/news/business/p18b-from-planned-fuel-marking-seenOfficials of the Department of Finance (DOF) expect to gain at least PHP18 billion from the planned implementation of fuel marking by early 2019. Finance Assistant Secretary Mark Dennis Joven said the fuel marking’s project cost is around PHP2 billion but studies show that potential leakage is around PHP25 to…]]>iod.pjimis@yahoo.com (People's Journal)BusinessWed, 07 Mar 2018 17:36:13 +0800Teamwork boosts Ph biz allurehttp://www.journal.com.ph/news/business/teamwork-boosts-ph-biz-allure
http://www.journal.com.ph/news/business/teamwork-boosts-ph-biz-allureFinance Secretary Carlos Dominguez III on Monday traced to teamwork why the Philippines landed on the top spot among 20 economies cited as best countries to invest in by a US-based business-focused news website, Business Insider. Dominguez said factors that could have boosted the country’s ranking include having a young…]]>iod.pjimis@yahoo.com (People's Journal)BusinessTue, 06 Mar 2018 18:19:50 +0800Ph best country for investments—US reporthttp://www.journal.com.ph/news/business/ph-best-country-for-investments-us-report
http://www.journal.com.ph/news/business/ph-best-country-for-investments-us-reportThe Philippines was ranked as the top destination for investments, according to US News and World Report. In its study, US News ranked the best countries to invest in by using the World Bank Group report measuring the country’s performance on entrepreneurship, economic stability, favorable tax environment, innovation, skilled labor,…]]>iod.pjimis@yahoo.com (People's Journal)BusinessTue, 06 Mar 2018 18:18:45 +0800